Rental prices and volumes for both HDB flats and condominiums in Singapore experienced significant increases in July 2025, according to the latest 99-SRX Media Flash Report. The surge is attributed to the seasonal influx of expatriates and families settling before the new school term, alongside mid-year lease renewals.
In the condominium market, rental prices rose by 1.5% from June, with the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) seeing increases of 0.6%, 1.1%, and 2.1%, respectively. Year-on-year, condo rental prices were up by 3.1%. Rental volumes also saw a substantial month-on-month increase of 30.2%, with 8,691 units rented in July compared to 6,674 in June. This figure was 10.6% higher than the five-year average for July.
The HDB rental market mirrored this trend, with prices rising by 1.6% from June. Mature estates saw a 1.8% increase, whilst Non-Mature estates rose by 1.3%. Year-on-year, HDB rental prices increased by 3.2%. Rental volumes for HDB flats increased by 16.9% month-on-month, with 3,168 units rented in July, marking a 4.6% rise compared to July 2024.
The report highlights that HDB flats remain a more affordable option for many tenants, especially those priced out of the private market. As the rental market continues to heat up, these trends suggest a robust demand for rental properties in Singapore.
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